LED high bay light price steadily reduces the global competition pattern further optimization

TEK's performance continued to grow rapidly, benefiting from the continued prosperity of the LED industry. In the future, the continued expansion of LED high bay light will further expand market share. In addition, the industrial lighting business will be the future performance point.

LED high bay light price steadily reduces the global competition pattern further optimization.

Recently, with the release of the production capacity of LED high bay light factory, many people in the industry question whether there is a risk of landslide.

For that question, TEK says the price of LED high bay light should fall every year as costs continue to fall. Whether it is the active price reduction or the passive price reduction, the initiative price reduction is based on the cost reduction. Up to now, the price of TEK part of LED high bay light has decreased slightly, but the overall price and gross profit rate are basically stable.

In fact, in early December 2017, the steady and small increase in the price of LED high bay lights for two years ended with the first price reduction in two years. It is understood that the mainstream LED high bay lights sold by TEK have different ranges of adjustment, and individual varieties have fallen by as much as 20%.

With the continuous rapid growth of LED industry space and the steady decline of the price of LED high bay lights, the global competition pattern is expected to be further optimized. TEK as the leader of global will further occupy the market share at home and abroad.

Because of supply-side steadily reduce the unit price as LED high bay light, medium-sized domestic manufacturers and Europe and the United States companies will accelerate the exit the market competition, the industry concentration of ascension and the LED industry will accelerate the pace to the mainland, further strengthen the lead three security goals.